senate: That is billions of dollars worth of savings - such as raising the pension age to 70 and making the unemployed wait a month before getting the dole - Labor, the Greens and some Senate crossbenchers refuse to pass, according to Nine News Australia. Following release of the mid-year budget review on Monday, shadow treasurer Chris Bowen was quick to reaffirm Labor's opposition to the measures He argued the government should accept the reality they will never clear parliament and the budget back should reflect that fact. However, the so-called zombie measures live on in budget calculations. But Treasurer Scott Morrison doesn't believe his measures should be buried just yet, pointing to the 6 billion omnibus bill Labor supported when parliament resumed after the July election and which contained previously no-go areas. Moody's in particular had warned the treasurer not to come up with unrealistic forecasts, but believes the update remains consistent with a triple-A rating. They brought the zombies to life ... and let them walk through the parliament, Morrison told reporters after handing down the review, conceding it was a very dangerous mixed metaphor . Importantly, the global credit rating agencies haven't been spooked by the review so far.
(news.financializer.com). As
reported in the news.
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